RBI Information Security Audit
Information security audit for banks, NBFCs, and payment operators aligned with RBI's Master Direction on IT Framework.
RBI Information Security Audit
The Reserve Bank of India has issued a series of Master Directions and circulars mandating robust information security frameworks for banks, NBFCs, and payment system operators. Intelliroot conducts full-scope IS audits aligned to the RBI IT Framework for NBFCs, the RBI Guidelines on Information Security for Commercial Banks, and the Payments System Operators Directions — delivering audit reports and gap registers in the formats expected by the regulator.
Our team has deep expertise in RBI's control domains and can map every finding to the specific Master Direction clause, making your regulatory submissions and Board presentations straightforward.
Why RBI IS Audit Is Non-Negotiable
Regulatory Mandate
RBI requires all scheduled commercial banks, NBFCs, and PSOs to conduct periodic IS audits from empanelled organisations and submit findings to their Board IT/Risk Committee.
Protect Financial Data
Banks and NBFCs handle the most sensitive financial and personal data in India. A compromise can trigger RBI enforcement action, reputational damage, and significant financial penalties.
Board Accountability
The RBI framework places explicit responsibility on the Board and Senior Management for IS governance. Our audit provides the evidence base for Board-level oversight and attestation.
Third-Party Risk
RBI increasingly focuses on outsourcing and third-party risk. Our audit includes a vendor risk assessment component aligned to RBI's outsourcing guidelines.
RBI Control Domains Covered
IT Governance & Risk Management
- IT strategy and Board oversight
- IT risk register and treatment
- IS policy suite completeness
- Security awareness programme
Infrastructure & Operations Security
- Network segmentation and firewall review
- Patch and vulnerability management
- Data centre physical security
- Backup and recovery testing
Application & Data Security
- Core banking / NBFC system security
- Internet and mobile banking VAPT
- Data classification and encryption
- Customer data protection controls
Cyber Incident Management
- Incident detection and response capability
- CERT-In reporting readiness
- Business continuity and DR testing
- Cyber crisis management plan
Our Audit Process
Regulatory Mapping & Scoping
Identify applicable RBI Master Directions and circulars for your category (bank/NBFC/PSO), define audit scope, and create a control checklist mapped to specific RBI clauses.
Document Review
Review IT policies, IS framework documents, Board minutes, IT Committee reports, and previous audit findings against RBI requirements.
Technical VAPT & Configuration Review
Conduct VAPT of internet-facing applications, internal network assessment, and configuration review of critical systems against RBI technical benchmarks.
Process Interviews & Walkthroughs
Interview IT, IS, and operations personnel to assess process maturity. Walkthrough key processes including change management, access reviews, and incident response.
Finding Classification & RBI Mapping
Classify all findings against the RBI IT Framework control domains with clause-level references. Assign risk ratings and impact assessments in the format expected by RBI.
Board & Regulatory Reporting
Deliver the IS audit report, Board presentation deck, and executive summary. Issue the CERT-In compliant audit certificate for regulatory submission.
Frequently Asked Questions
Deliverables
RBI IT Framework Gap Assessment
Detailed gap analysis mapped to RBI Master Direction control domains with clause-level references and risk ratings.
Risk-Rated Finding Register
Structured register of all findings with severity, RBI control mapping, evidence references, and recommended actions.
Remediation Roadmap
Prioritised 90-day remediation plan with effort estimates, control owner assignments, and RBI deadline alignment.
Board-Ready Executive Summary
Presentation deck for the Board IT/Risk Committee meeting, structured to RBI governance reporting requirements.
Retest Report & Closure Certificate
Post-remediation retest certificate accepted for RBI regulatory submissions and supervisory review.
Request a Security Assessment
Tell us about your environment and security objectives. We'll design a bespoke assessment and deliver a detailed proposal within 48 hours.